Wells Fargo “sandbagger”-in-chief in charge of phony account division received $124 million in exit pay

September 12, 2016 7:03 PM

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Unlike the 5,300 employees in her unit who were fired, Carrie Tolstedt was rewarded for the firm's malfeasance

The Wells Fargo executive who ran the division in which employees created two million unauthorized accounts — a process referred to as “sandbagging” within the company — will not face the same fate as the 5,300 people whose work she ostensibly oversaw. Instead of being fired, the so-called “sandbagg...